Market Overview

UK Automotive Lubricants Market Overview & Outlook to 2021 featuring BP, Comma Oil & Chemicals, Exol Lubricants, Exxon Mobil, Morris Lubricants, Shell, and TOTAL - ResearchAndMarkets.com

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The "Automotive
Lubricants Market in the UK by Market, Product and Formulation"

report has been added to ResearchAndMarkets.com's
offering.

This study analyzes presents historical demand data (2006, 2011, and
2016) and forecasts for 2021 by market (light vehicles, medium & heavy
vehicles, off-highway equipment), product (engine oils, transmission &
hydraulic fluids, gear oils & greases), and formulation (conventional,
synthetic, re-refined/bio-based).

The study also evaluates company market share and analyzes on
industry players, including:

  • BP
  • Comma Oil & Chemicals
  • Exol Lubricants
  • Exxon Mobil
  • Morris Lubricants
  • Shell
  • TOTAL

Advanced Engine Technologies & Longer Drain Intervals Limit
Stronger Market Gains

Demand for automotive lubricants in the United Kingdom is forecast to
fall slightly to 286,000 metric tons in 2021.

Market weakness will stem from improved engine technologies and high
quality formulations that continue to lengthen average drain intervals,
modest gains in the average annual distance traveled per vehicle,
declines in domestic light vehicle output, and stagnation in the
construction and agricultural sectors that limits the use of off-highway
equipment.

Technologically Advanced Light Vehicle Fleet Limits Demand
Growth in Volume Terms

The UK boasts a modern vehicle fleet featuring advanced engine
technologies that not only offer enhanced fuel efficiency, but
consistently extended average lubricant drain intervals as well. In
addition, the country's wealthy consumer base is able to afford
purchases of high quality synthetic engine oils that require less
frequent replacement than lower quality conventional types.

While the growing presence of electric and hybrid vehicles is expected
to negatively impact the automotive lubricants market in the long term,
these vehicles are projected to remain a small portion of the country's
vehicle fleet through 2021.

Environmental Concerns Support Demand for Synthetic & Re-Refined
Lubricants

The UK will continue to see a high market penetration rate of synthetic
automotive lubricants, as these products are recommended by the
country's leading OEMs (e.g., Ford and Opel) and supported by emission
regulations favoring low viscosity lubricants. Consumers are also
increasingly opting for synthetic blends due to their performance and
cost advantages.

Re-refined and bio-based automotive lubricants will continue to see
growing adoption in the UK due to consumer awareness of the products'
environmental benefits, improved waste oil collection networks, and
government efforts to promote recycling.

Demand is Concentrated Among a Handful of Firms with Popular
Consumer Engine Oil Brands

The UK market for automotive lubricants is supplied by a handful of
companies - primarily multinational oil producers such as BP and Shell -
that benefit from extensive resources and vertical integration in
petroleum products.

The largest suppliers gain their market share primarily through
marketing light vehicle engine oils, due to the dominance of the light
vehicle segment and a general lack of consumer willingness to research
motor oil formulations and performance specifications.

For more information about this report visit https://www.researchandmarkets.com/research/js9rdb/uk_automotive?w=4

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